Ministry of Finance: News

09 Jun 2019

Narendra Modi

13-year-old Kanpur-boy has written 37 letters to Modi. Here's why

Children are often the responsibility of their parents but a 13-year-old boy from Kanpur, Uttar Pradesh, has shown otherwise.

29 May 2019

Narendra Modi

Arun Jaitley asks Modi to not include him in Cabinet

Senior BJP leader Arun Jaitley, who handled Finance Ministry for years, has asked Narendra Modi to excuse him from the new government, claimed reports.

24 May 2019

Narendra Modi

Arun Jaitley might not return as Finance Minister: Report

After a resounding victory in 2019 Lok Sabha polls, Prime Minister Narendra Modi will soon take up the task of forming his cabinet.

09 Apr 2019


#FinancialBytes: All about Public Provident Fund, its features, tax benefits

In India, the Public Provident Fund (PPF) is one of the most preferred long term tax-saving investment options for both salaried as well as non-salaried individuals.

22 Mar 2019

Pakistan News

Pakistan to receive $2 billion loan from China by Monday

Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced.

04 Feb 2019

Lok Sabha

Can't disclose black-money reports as Parl Panel examining them: FM

The Finance Ministry has declined to share copies of three reports on the quantum of black money held by Indians inside the country and abroad, saying they were being examined by a Parliamentary panel and disclosing details will cause a breach of privilege of the House.

23 Jan 2019

Piyush Goyal

Arun Jaitley indisposed; Piyush Goyal made temporary Finance Minister

Union Minister Piyush Goyal has been temporarily given the charge of Arun Jaitley's portfolios of Finance and Corporate Affairs in view of the latter's indisposition, according to a statement by the Rashtrapati Bhavan.

Congress wishes speedy recovery to Amit Shah and Arun Jaitley

On Wednesday, the official Twitter handle of Congress sent best wishes to senior BJP leaders Amit Shah and Arun Jaitley, both of whom are undergoing treatment after an illness.

29 Dec 2018


#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

Life insurance is one of the most important financial products to have. It is the best way to protect one's family and their future in case of the policyholder's untimely demise.

Aircel-Maxis case: P Chidambaram summoned by ED

Former Union Minister and senior Congress leader P Chidambaram, was on Wednesday summoned by the Enforcement Directorate in the Aircel-Maxis case, ANI reports.

19 Dec 2018


Didn't fear press: 'Silent PM' Manmohan Singh's jibe at Modi

In an apparent swipe at his successor, Narendra Modi, Dr. Manmohan Singh on Tuesday said he was called the 'silent Prime Minister' but he never shied away from talking to the press.

Shaktikanta Das takes charge as new RBI Governor

A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.

07 Dec 2018

Arvind Subramanian

ISB Professor Krishnamurthy Subramanian is the new Chief Economic Adviser

The government appointed Krishnamurthy Subramanian as the new Chief Economic Adviser on Friday.

06 Dec 2018


#FinancialBytes: Opening PPF account for minors? Here's all about it

The Public Provident Fund (PPF) is one of the most-preferred long-term tax-saving investment options for both salaried and non-salaried individuals.

04 Dec 2018

Indian Government

Government rejects MSP demand for 1 lakh personnel; Army upset

The Central government has rejected a long-standing demand of the armed forces for higher Military Service Pay (MSP) for around one lakh personnel including Junior Commissioned Officers, said military sources today.

The falling rupee: Sheds 9 paise against US dollar

The rupee depreciated by 9p to 72.02 against the USD in early-trade today at the interbank foreign exchange.

RBI board meeting: Key issues to be discussed

Amid tensions between the government and the Reserve Bank of India (RBI), the RBI, board, on Monday, started a meeting to try and work out its differences with the government pertaining to policy.

14 Nov 2018


Rs.75 coin to be launched to mark first-ever Trilcolor hoisting

On Wednesday, the Modi government announced that it would issue a special Rs. 75 coin to commemorate the 75th anniversary of the first-ever hoisting of the Tricolor by Netaji Subhash Chandra Bose at Port Blair.

09 Nov 2018

Narendra Modi

RBI disagreed with Centre's claims on demonetization: Report

Before giving its approval to Centre for demonetization on November 8, 2016, the Reserve Bank of India rejected claims that it would curb black money and counterfeit notes, IE reports.

25 Oct 2018

Narendra Modi

PM Modi emphasizes the responsibility of citizens towards society

PM Narendra Modi yesterday said more people are paying taxes because they have faith their money is being used properly, but pitched for a system where citizens do a little more than honestly paying taxes.

14 Oct 2018


#NewPolicy: Honest, consistent taxpayers might get preferential treatment

The government is reportedly working on a policy that seeks to provide preferential treatment in availing of public services and tax-related services to honest and consistent taxpayers.

09 Oct 2018

Pakistan News

Pakistan: FATF team to examine steps taken against terror financing

A second team of the Financial Action Task Force (FATF) is in Pakistan to hold meetings with top officials to discuss the measures taken by the country to counter terror financing after it was added in the 'grey list' for providing monetary assistance to terrorists.

27 Sep 2018


Import duty hike: Fridges, ACs, diamonds, etc. to cost more

On Wednesday, the government hiked import duties on 19 categories of "non-essential items" ranging from refrigerators and washing machines to luxury items like diamonds.

20 Sep 2018

Narendra Modi

Small savings rate hiked by Modi government: Details here

On Thursday, the Modi government announced new interest rates for small savings schemes, including the National Savings Certificate (NSC), and the Public Provident Fund (PPF).

Govt hikes interest rate on small savings by upto 0.4%

The government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4% for the third quarter of the financial year 2018-19, starting October 1 and ending on December 31, 2018, in line with rising deposit rates in the banks.

'Real' depreciation of Indian rupee is at 6-7%, estimates IMF

The real effective depreciation of the Indian rupee this year as compared to Dec'17 is between 6-7%, according to the International Monetary Fund (IMF), which warned that it would jack up the prices of imported goods.

03 Sep 2018

Pakistan News

Imran ropes in foreign experts to rebuild Pakistan's debt-ridden economy

Pakistan PM Imran Khan has roped in some renowned foreign economists in the newly-constituted economic advisory panel to provide the best possible professional advice to his cash-strapped government on prudent economic policies.

03 Sep 2018

Maneka Gandhi

Now, mentioning father's name not mandatory in PAN application

In an empowering move, the government is set to make mentioning father's name not-mandatory when applying for a new PAN card.

31 Aug 2018


Are banks closed for 6 days in September? Know here

Dismissing rumors, the government today said bank branches would remain open next week and there was no need for panic.

30 Aug 2018


#FinancialBytes: What happens if you miss tomorrow's ITR filing deadline

The new Income tax filing deadline, ie. August 31, is just a day away. Earlier, the due date was July 31, which was later extended by a period of one month.

28 Aug 2018


#PolicyExplainer: Get upto Rs. 60,000/year post-retirement with Atal Pension Yojana

India is a "young" country with youth accounting for over 50% of the population. But once this young population starts aging, India may face a critical challenge because of an "unpensioned society" as over 90% of Indians aren't covered under any pension scheme.

27 Aug 2018


Series of reforms by Modi govt transformed economy: Arun Jaitley

Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the "weak economy" it inherited from UPA government.

23 Aug 2018


Arun Jaitley back as Finance Minister, after 3-month break

After a three-month-long hiatus following a successful kidney transplant at the All India Institute of Medical Sciences (AIIMS), Arun Jaitley is finally ready to to take up the reins as the Finance and Corporate Affairs minister again.

#FinancialBytes: How to pay your taxes online and offline

In a given financial year, your income is taxable in three ways, namely- 1) Tax deducted at source, 2) Advance tax payments, and 3) Self-assessment taxes (before filing ITR).

15 Aug 2018


Punjab CM announces Rs. 3,600cr-worth development projects for Ludhiana

Punjab Chief Minister Amarinder Singh today announced a slew of development projects worth over Rs. 3,600cr for Ludhiana district, ranging from infrastructure to water supply and industries to education.

12 Aug 2018


#PolicyExplainer: Get upto Rs. 60,000/year post-retirement with Atal Pension Yojana

India is a "young" country with youth accounting for over 50% of the population. But once this young population starts aging, India may face a critical challenge because of an "unpensioned society" as over 90% of Indians aren't covered under any pension scheme.

#FinancialBytes: 4 things to know if you haven't filed ITR

The due date for filing ITRs for this year has been extended by a month, from the earlier deadline of July 31 to August 31.

07 Aug 2018


Arun Jaitley might resume office in 3rd week of August

Union Minister Arun Jaitley, who had undergone a kidney transplant surgery on May-14, is likely to resume the office of Finance Minister in the third week of August, sources said.

04 Aug 2018


GST slabs may be reduced to 3 in the future

GST slabs may come down to three, in addition to the exempted category, in the long-term, said Sanjeev Sanyal, Principal Economic Adviser to the Finance Ministry.

02 Aug 2018


#FinancialBytes: What happens if you fail to file your ITR?

The Finance Ministry has extended the ITR filing deadline from July 31 to August 31, 2018.